Macau

More than 30 percent of those seeking help for gambling disorders in 2017 were employed in the casino sector, according to Social Affairs Bureau (IAS) deputy director Hoi Wa Pou.

The strong VIP growth observed in 2017 would have left Las Vegas Sands Corp. in the dust if it weren’t for the opening of The Parisian, said writers for Motley Fool on Sunday.

Owner and operator of The 13, an upcoming luxury hotel in Macau has announced plans for a capital reorganization that will see a consolidation in shares and a reduction in capital.

Casino magnate Steve Wynn, head of Wynn Resorts, said he is confident that his casino business in Macau will continue after the expiration of casino concessions starting 2020.

Casino operator Wynn Macau saw its net profit increase more than 300 percent in the fourth quarter of 2017, reaching $187.2 million, according to a results release on Monday.

MGM Cotai has welcomed more than 5,000 team members in the run up to its opening on January 29.

Macau saw another strong week in GGR, attributed to above normal VIP hold rate, and VIP average daily volume, and marginally improved mass, said Bernstein in a note on Monday.

Macau police are planning to conduct a violent armed robbery drill at Galaxy Macau in the early hours of Tuesday morning.

Two suspects involved in the theft of casino chips from Wynn Macau have been arrested.

The former operators of the Beijing Imperial Palace Hotel, and it’s casino, Greek Mythology, have been fined over MOP4.4 million (US$546,568) for violating labour laws.

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